The Impact of Inflation on value of ¥8 from 1975 to 2024
In 1913 the price of ¥8 is approximately equal to ¥58.84 in 2024. Prices changed by 4.21% (or ¥1.04) per year on average during that period. It means that every purchase will cost you 7.36 times as much.
Inflation is a powerful force that can erode the purchasing power of money over time. For anyone curious about the value of ¥8 in 1975 and what it would be worth in 2024, this page provides a detailed analysis using the cumulative price change, average inflation rate, and other key financial indicators.
How Much is ¥8 in 1975 Worth Today?
- Converted Amount: The ¥8 from 1975, adjusted for inflation, would be equivalent to ¥58.84 in 2024.
- Cumulative Price Change: Over this period, the cumulative price change has been 635.49%.
- Average Inflation Rate: The average annual inflation rate between 1975 and 2024 has been 4.21%.
| Cumulative price change | 635.49% |
| Average inflation rate | 4.21% |
| Converted amount | 58.84 |
| Price difference | 50.84 |
| CPI in 1975 | 139.71 |
| CPI in 2024 | 1027.55 |
| Inflation in 1975 | 0.40% |
| Inflation in 2024 | 0.08% |
| 8 in 1975 | 58.84 in 2024 |
Key Financial Indicators:
Consumer Price Index (CPI) Comparison
- CPI in 1975: 139.71
- CPI in 2024: 1027.55
Inflation Rate at 1975 and 2024
- Inflation in 1975: 0.40%
- Inflation in 2024: 0.08%
Price Difference
- The price difference between 1975 and 2024 is ¥50.84.
1975 to 2024 Inflation Calculator
To understand the transformation of ¥8 from 1975 into 2024 Chinese Yuans, consider the following table:
| Year | CPI | Inflation rate | Value in 2024 |
|---|---|---|---|
| 1975 | 139.71 | 0.40% | ¥8 |
| 2024 | 1027.55 | 0.08% | ¥58.84 |
This table highlights the key figures that affect how the value of money changes over time due to inflation.
Buying Power of ¥8 in 1975
¥8 in the year 1975 is now worth ¥58.84 in 2024, showing a substantial increase of ¥50.84 over the years. This change underscores how the average inflation rate of 4.21% annually has eroded the purchasing power of the Chinese Yuan.